USDCHF, H4 approaching our Pivot point, potential for a rise.
Description
Price approaching our Pivot point at 0.89142 which is in line with 38.2%, 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90254, a fibonacci confluence. It is worth noting that price may be making a short-term pull back towards the moving average.
Pivot: 0.89142
Why we like it:
38.2%, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88608
Why we like it:
38.2%, 61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.90254
Why we like it:
-68%, 61.8%, 161.8% fibonacci retracement, 100% fibonacci extension, horizontal graphical overlap and moving average resistance.
Trading FX & CFDs carries high risk.
Price approaching our Pivot point at 0.89142 which is in line with 38.2%, 161.8% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90254, a fibonacci confluence. It is worth noting that price may be making a short-term pull back towards the moving average.
Pivot: 0.89142
Why we like it:
38.2%, 161.8% fibonacci extension and horizontal graphical overlap
1st Support: 0.88608
Why we like it:
38.2%, 61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.90254
Why we like it:
-68%, 61.8%, 161.8% fibonacci retracement, 100% fibonacci extension, horizontal graphical overlap and moving average resistance.
Trading FX & CFDs carries high risk.
Disclaimer
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